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Assume you go to the market to buy apples (x1) and oranges (x2) and discover that the price of apples is 1 euro per unit and the price of oranges is 1 per unit when you buy less than 20. If, instead, you buy 10 or more oranges, the price falls to
0.75 euro each. Assuming that your money income is 40, draw the budget line.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9528796

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